Social Network recently launched a Layer 2 Bitcoin (BTC) staking protocol that provides native yield. The new protocol aims to address the congestion issues and high fees that the use of Bitcoin Ordinals causes. The objective is to integrate the Bitcoin network with the Nostr social network to promote widespread decentralized data storage, taking some load off the Bitcoin blockchain. The platform also hopes to unlock the potential of decentralized social networks on the Bitcoin network.
High transaction fees have been one of the main issues that have plagued the Bitcoin blockchain whenever prices surge. Ordinals are now adding to that problem.
Meanwhile, InQubeta (QUBE) continues to generate increasing investor curiosity as its presale flies past the $8.6 million milestone. It has the potential to be one of the best Defi platforms around as it seeks to make artificial intelligence (AI) investments more accessible.
What you'll learn 👉
InQubeta’s (QUBE) 100x growth potential makes it one of the best cryptos to invest in
InQubeta intends to provide an alternative to traditional investment channels and the income and net worth requirements often associated with these entities. A large fraction of the world’s population doesn’t have access to these services, preventing them from investing in promising opportunities.
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Show more +InQubeta’s investing ecosystem democratizes access to AI investment opportunities, freeing up the flow of capital to AI startups.
Artificial intelligence has surpassed major milestones in the past decade, and the technology will inevitably reshape how societies and industries operate. These changes will open up extremely profitable investment opportunities in the AI sector. Investing in AI is like buying up cryptocurrencies like Bitcoin a decade ago at the onset of the cryptocurrency revolution. Many of the people who bet on cryptocurrencies back then are now millionaires and billionaires.
Here’s what investing looks like on the InQubeta network:
- AI startups that are approved by InQubeta’s team make ERC20 coins that offer investors equity or rewards. These non-fungible tokens are digital proof of the opportunities they offer
- ERC20 coins are divided into smaller, more affordable fractions and showcased on the ERC 20 token list on the NFT marketplace
- Investors secure QUBE with cryptocurrencies or fiat and use it to purchase the ERC20 coins of the firms they think have the potential to innovate
- Investors can hold on to their ERC20 coins for as long as they desire or resell them on the NFT marketplace for QUBE
Investors can also choose to back the InQubeta project directly by holding or staking QUBE. Stakers earn more tokens as their reward for helping to manage the ecosystem. QUBE is also the project’s governance token, so holders get to be part of the company’s decision-making.
Social Network launches new Bitcoin L2 protocol
Social Network’s release of its Testnet marked a monumental milestone in the project’s mission to provide a decentralized, non-custodial staking protocol for the Bitcoin blockchain. The company plans to expand the Bitcoin ecosystem by adding infrastructure for decentralized social networks and providing new incentives.
Social Network has built partnerships with major industry players like LaunchNodes, Threefold, and ChainSafe to help secure a platform for its users to stake their Bitcoin assets and generate yield.
The introduction of the new Layer 2 staking solution is well-timed given the attention the Bitcoin network is currently receiving since the US Securities and Exchange Commission (SEC) approved eleven exchange-traded funds that met its ETF acceptance criteria. This development is expected to lead to trillions flowing into the Bitcoin space.
Summary
QUBE and BTC are good cryptocurrencies to buy now to earn large profits before the year ends. BTC is expected to surge at any moment, while QUBE is expected to grow as much as 10,000% once distributed on exchanges.
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